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| Satisfaction of Continuing Education Requirements |
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| The continuing education requirement shall be satisfied by successful completion of the following: |
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(a) Core curriculum - A minimum of six hours of course work in any one or more of the following:
- license law, 40%
- escrow, 20%
- fair housing, 20%
- agency, 20%
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(b) Elective curriculum - A maximum of six hours of course work in:
- appraisal
- property management
- residential brokerage
- farm property management
- rights and duties of sellers, buyers, and brokers
- commercial brokerage and leasing
- financing
- other CE courses approved by the Advisory Council
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(c) In lieu of credit for those courses listed in subsection (b) of this
Section, a maximum of six hours of Real Estate Continuing Education credit may be earned for
serving as an approved instructor in an approved course of continuing education or
pre-license instruction
(d) Credit hours may be earned for self-study programs approved by the Real Estate Education Advisory Council.
(e) A licensee may earn credit for a specific continuing education course only once during the renewal period. |
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Grandfathered Licensees Must Have CE for 2005 Renewal
As you are aware, Public Act 93-957 (Senate Bill 2887) the IAR legislative initiative amending the Real Estate License Act, contained certain revisions to the Real Estate License Act including the elimination of the “grandfather clause” for continuing education. It is the position of the Department of Financial and Professional Regulation that those "grandfathered" salespeople renewing their salesperson license in 2005 will have to complete 6 hours of continuing education. At least 3 hours of the 6 must be a Core class. Brokers renewing their license in 2006 will need to complete 12 hours of continuing education. Requires real estate brokers to take an additional 6 hours of continuing education every two years dealing specifically with broker-management issues. |
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Existing Brokers Required to Have 18 Hours of CE for 2008 Renewal
Public Act 93-957 establishes a requirement that real estate brokers must complete an additional 6 hours in broker management courses. According to the Department of Financial and Professional Regulation, these 6 hours must be taken in the period between 5/01/06 and before renewal in 2008. Beginning 5/01/06, new broker licensees will be required to complete the 6-hour broker management course within 180 days of initial licensure. Brokers receiving an initial broker license 90 days or less before the renewal date do not have to take the additional hours for that renewal period but must complete the 6 hours within 180 days of receiving a broker's license. |
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| For a list of continuing education courses click here: |
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| For licensure information contact: |
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Illinois Department of Financial & Professional Regulation
500 East Monroe, Suite 200
Springfield, IL. 62701
(217) 785-9300
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Illinois Department of Financial & Professional Regulation
205 West Randolph Street, Suite 400
Chicago, IL. 60606-1811
(312) 793-8704 |
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